First of all, I would like to introduce my indicator EMA_MUSIC_STAVE_BY_COWBEARCAR to you all.
This indicator which uses EMA 7 20 38 62 100 to make music/staff on view.
If you good at music, you will know when to beat.
General speaking, moving average is slow and only give you advice on trend going and
support/resistance point when correction occurs.
Well, This MUSIC_STAVE is totally revolution on moving average,
It touch more and more high/low even it is far from moving average.
I use 3 calculated lines, may be you can get the idea to find better.
By formula 2H-L, we get (2*EMA4 - EMA10) (2*EMA7 - EMA20) (2*EMA7 - EMA38)
You find the calculated lines always catch each candle high/low.
Why I use MUSIC_STAVE instead of GMMA?
I try to make each height of STAVE even, and you can simple use ruler to measure for reval part.
EMA7 is one of the best MA from others, it always give the best entry point for you.
When you see the red line always catch the low value of most candle in drop trend,
surely you love it at once, other moving average can't give this value to you.
In the graph, you see the calculated red line U turn and there is bottom hammer pattern to go upwards.
If DJI go C Wave, it will go insane on VIX index.
This indicator which uses EMA 7 20 38 62 100 to make music/staff on view.
If you good at music, you will know when to beat.
General speaking, moving average is slow and only give you advice on trend going and
support/resistance point when correction occurs.
Well, This MUSIC_STAVE is totally revolution on moving average,
It touch more and more high/low even it is far from moving average.
I use 3 calculated lines, may be you can get the idea to find better.
By formula 2H-L, we get (2*EMA4 - EMA10) (2*EMA7 - EMA20) (2*EMA7 - EMA38)
You find the calculated lines always catch each candle high/low.
Why I use MUSIC_STAVE instead of GMMA?
I try to make each height of STAVE even, and you can simple use ruler to measure for reval part.
EMA7 is one of the best MA from others, it always give the best entry point for you.
When you see the red line always catch the low value of most candle in drop trend,
surely you love it at once, other moving average can't give this value to you.
In the graph, you see the calculated red line U turn and there is bottom hammer pattern to go upwards.
If DJI go C Wave, it will go insane on VIX index.
